ocean equities at start of july valued cfe at 70c (not incl south project) based on resource at 26c /tonne (see www.minesite.com and go to the - brokers notes - section
if we deduct the 11c for the cap return it leaves us with what the market is sitting at the moment....58-59c.
I think this is probably what the big boys think this is worth
goodluck all
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